American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 721,429 shares of the company's stock after selling 7,424 shares during the quarter. Bank of New York Mellon Corp owned 0.46% of American Healthcare REIT worth $21,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in American Healthcare REIT by 42.2% during the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after buying an additional 417 shares during the period. Benjamin Edwards Inc. grew its position in American Healthcare REIT by 3.4% during the fourth quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock valued at $396,000 after buying an additional 455 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after buying an additional 633 shares during the period. Mutual Advisors LLC grew its position in American Healthcare REIT by 6.4% during the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after buying an additional 640 shares during the period. Finally, Pure Financial Advisors LLC grew its position in American Healthcare REIT by 8.1% during the first quarter. Pure Financial Advisors LLC now owns 9,245 shares of the company's stock valued at $280,000 after buying an additional 690 shares during the period. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AHR. KeyCorp lifted their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday. Scotiabank assumed coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price on the stock. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Finally, Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $38.11.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

American Healthcare REIT Trading Up 1.5%

AHR stock traded up $0.56 during mid-day trading on Friday, reaching $37.82. 953,708 shares of the stock traded hands, compared to its average volume of 1,901,960. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. American Healthcare REIT, Inc. has a one year low of $14.79 and a one year high of $38.12. The stock has a market capitalization of $6.03 billion, a PE ratio of -140.07, a PEG ratio of 2.13 and a beta of 1.09. The business has a 50-day moving average price of $35.70 and a two-hundred day moving average price of $31.60.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is currently -370.37%.

American Healthcare REIT Company Profile

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.